The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (26178)	12/19/2004 6:08:37 PM
From: flint	Read Replies (1) of 306849

THE BELOW LINK SHOWS THE TREND FOR REAL MORTGAGE RATES It has been trending down since June!!!! NOT UP. Even though the Fed has raised rates between banks. The true rates Americans and Business are paying is based more off credit worthiness, not the wizard behind the curtin. I came (out of nowhere) prior to Greenspan's last Fed meeting. I believed the dollar was in for a pop and the real rates would actually drop. I was convince the timing was perfect to buy home builders - not short them. I was teased by a clown on this board. The homebuilders popped 20%. The clown then flipped out over being wrong. The truth is the truth though. I caught the correction. Hope you had enough sense to see the truth and catch it too. 20% plus was a dream. Despite the home builders probably continuing their upward correction I'm taking the money. But before you do anything foolish like short a homebuilder because the wizard of oz is raising rates, look at the true cost of borrowing. Flint hsh.com

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